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Strategic expert: the net Iraqi oil price reaches 10 dollars ... meaning the state bankruptcy DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Strategic expert: the net Iraqi oil price reaches 10 dollars ... meaning the state bankruptcy

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Strategic expert: the net Iraqi oil price reaches 10 dollars ... meaning the state bankruptcy Empty Strategic expert: the net Iraqi oil price reaches 10 dollars ... meaning the state bankruptcy

Post by RamblerNash on Tue Mar 31, 2020 9:44 pm

Strategic expert: the net Iraqi oil price reaches 10 dollars ... meaning the state bankruptcy Image

30-03-2020 02:04 PM

Baghdad / news

The strategic expert, Karim Al-Karawi, revealed that the net oil price for Iraq reaches only $ 10, noting that this matter means bankruptcy of the state treasury.

Al-Karawi told Al-Ikhbaria that "oil reached $ 20, foreign production companies deducted production costs and accounting firms also deduct a percentage from it, as well as Kuwait compensation and loan interest, which means that its net price to Iraq reaches ten dollars."

He explained that "the extraction companies are not obligated to reduce production and this means bankruptcy of the state treasury and will lead us to the same position as Greece", indicating that "the only solution is to nationalize the oil and issue treasury bonds that are payable after a period of five years on the price of a barrel of oil not less than $ 50 and a schedule Foreign debt and expenditure pressure, but before all these steps we need an economic mindset, such as the Greek financial whiz who led negotiations with Europe.

https://www.ikhnews.com/index.php?page=article&id=212288
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